Fincad has launched a new software development kit that provides software vendors, banks and hedge funds with the ability to integrate Fincad analytics into new and existing systems. F3 SDK enables comprehensive measurement of the risk for all market data inputs at the trade or portfolio level.
Built on a new object oriented architecture, F3 SDK can price virtually any deal, including complex trades and structured products, says the vendor. Software vendors offering systems to the sell side or buy side, can embed Fincad Analytics using F3 SDK and offer their clients analytics required to generate values required for regulatory compliance.
“F3 SDK is a leap forward, expanding the types of structured product trades which can be valued,” says Bob Park, president and CEO of Fincad. “This means we can equip the market with the tools to value and measure the risk associated with these complex trades. With F3 SDK, software vendors, banks and hedge funds can now incorporate Fincad’s advanced risk analytics into their systems, so they can better manage the risk.”
F3 SDK is grid enabled and multi-threaded, enhancing performance and scalability. Its ability to map onto a vendor’s existing generic trade representation language means products can be described and managed without programming. It provides software vendors with the ability to expand their analytics and quickly integrate F3 SDK into their current system.
SimCorp, a global provider of front to back systems for investment management institutions, is the first company to utilise the technology behind F3 SDK. Søren Pedersen, vice president for partner development at SimCorp, says: “Fincad allows us to respond to customer demands for timely, accurate and proven pricing for more complex derivatives within our product, SimCorp Dimension. F3 SDK can scale with our business, as our client’s needs change we know we can support them.”